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Despite Market Turmoil, Investing Still Important Despite Market Turmoil, Investing Still Important

By CB Garrett

Syracuse Univesity Finance Student Nate Segal reads the Wall Street Journal
© 2018 CB Garrett

Jeddy: The stock market has been volatile of late but NCC News’ CB Garrett has more on why it still is a good time to start investing
CB: Thanks Jeddy. The Dow Jones started the day up by as much as 350 points but ended up sliding and closed down 245 as the stock market attempts to recover from October’s sell off. Some Syracuse university investors tell me that now is still a good time for younger adults to get involved in investing…
Nate Segal: I’m really interested in the market because I think it is a great investment and a way to make some money in the future and really see some growth in your money and it’s a good way stay on top.
CB: Segal has been able to pick up a lot of skills to help him with investing just by reading and tracking the markets.
Nate: Some of my experience with the stock market is every day I actually follow the Wall Street Journal, look at the markets see how their doing. Also getting introduced to trading and really trying to get into that so that’s another reason why I am always keeping an eye on the market, seeing what’s going up, what’s going down.
CB: So while it is great watch CNBC, Syracuse University finance professor Bharat Patil says it is important to make sure you read, much like Nate Segal does with the Wall Street Journal.
Bharat Patil: And discuss after reading and discuss with people and understand their opinions about the stocks. Not only from the big pundits who suggest the stocks, but read and discuss with people.
CB: Patil mentioned that compounding interest is one of the most powerful forces of money. This means that it is important to start investing early, and there are many ways to do so, even with a small amount of money.
Patil: So of you go the brokerage house they also provide different services to invest. So if you want to invest in Google, they will provide you with chunk of Google stock; even if you have like 200 dollars you can invest in Google.

The Dow Jones Industrial Average closed down 245 points, despite spending the day up more than 350 points in the morning. This happened as the markets have been facing their worst month since 2008 due to a massive sell-off that have erased all of the gains for the 2018 year.

Despite the market being down this year, Syracuse University professor Bharat Patil says that is still a good time to get started with investing. ” Early investment is always important. Because as Albert Einstein mentioned and quoted once that the most important and most powerful force in the universe is the power of compounding interest,” Patil said.

While many people trying to get involved in investing might try to watch shows such as CNBC, Patil says it is important to make sure to spend the time and read and discuss the markets. “Read and discuss… after reading and discuss with people and understand their opinions about the stocks. Not only from the big pundits who suggest the stocks, but read and discuss with people.”

Patil also said it is easy to get involved in the markets with just a little bit of money. “So of you go the brokerage house they also provide different services to invest. So if you want to invest in Google, even if you have like 200 dollars you can invest in Google.”

Nate Segal is a senior set to graduate from Syracuse University’s Whitman School of Management in December. Segal got experience in the financial industry this summer with Northwestern Mutual. “Some of the things we looked into for our potential clients were investments so we always had to keep an eye on the market; put together a portfolio that would benefit our clients.”

Segal has gotten a lot of other experience in the markets and is looking for a full-time job in the financial industry, but says that he has gained many valuable investing skills just by following the markets and reading the Wall Street Journal on a daily basis.

Segal says he thinks being involved in trading is important, especially for younger individuals because it is a great way to see your money grow. “I think it is a great investment and a way to make some money in the future and really see some growth in your money and it’s a good way stay on top.”

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